Don Fishback Reviews

I have made more money with Don Fishback options trades than I ever have with any other advice subscription. His information is reliable, and I might add you must use judgement re: a stock or ETF in addition to the trades he recommends. His rec's are made on the basis of calculations from a formula he openly reveals. He delivers what he promises.

If you jump through all the legal required hoops that are disclaimers and if you either really believe, but have no proof, or you have no problem asking for money with no refund intended and keeping it, then you can legally solicit money from people over an idea, and not an actual benefit in America. As always and sadly, it is buyer beware, when legalities are presented properly, as Don Fishback present the legalities every so properly. !!!! Buyer Beware!!!! Because that is the truth going on here. It is not a Win-Win Trade, it is, A Win-Loose Trade....and you are the loser of your money, 95% guaranteed!!! Until there is Federal Consumer Protection where a body of people goes in and evaluates "The Product" in terms of "Advertised Value" we will always have scammers....and in America, We have an enormous amount of scammers....which is a cruel act to conduct on your fellow mankind. Its Sad.

I was ripped off by this guy when he was using this specific FALSE advertising material:

"The trades recommended by Respondents’ ODDS system did not make the profits and minimize losses as stated in their solicitation material. In fact, a number of customers who traded according to the ODDS recommendations suffered trading losses. Moreover, the profits claimed were based solely on simulated trading. Fishback has never actually traded soybeans, cocoa, British Pounds, T-Bonds or any other commodity options using his ODDS system. Thus, Respondents’ claims in their solicitation material that the ODDS system had "generated [profitable] trades" and that customers would "trade right along with [Fishback]," misleadingly implied that Respondents’ reported trading results were based upon actual trading, when in fact, they were based, at best, only upon simulated trading." "Respondents also solicited prospective customers by placing ads in a national magazine targeted to options trading customers. Respondents’ ads claimed that by using Respondents’ ODDS system, a customer could "virtually eliminate losing trades." In fact, some customers consistently sustained losses prior to and during the time these ads appeared."

http://www.cftc.gov/files/enf/01orders/enffishback.pdf

"Fishback made material misrepresentations, including, but not limited to, statements that suggested that the ODDS system had achieved substantial profits through actual trading when such profits were, at best, based only on hypothetical or simulated trading, and false statements regarding his trading experience."

http://www.cftc.gov/files/enf/00orders/enffishback.pdf

The above is not meant to be a complete list of CFTC Actions against Don Fishback. Do your own due diligence before investing with Don Fishback.

Fishback's deceptive tactics remove any credibility he might otherwise be due for his options prowess. Each of the brochures I've got from him had some version of this (from "Now I Will Give You An Average Of 3 Actionable, Potential Winners Each Week" brochure:

Total Gains Possible: $2,422,355

Average Annualized Return Per Trade: 301%

Profit Win Rate: 95.9%

Full Table of Results on page 5.

What's on page 5? His method, that's what:

"Invest 10% of available option buying power..."

"Enter at the closing bid if selling, ask if buying"

"Exit at the most favorable price based on the above assumption"

Exit at MOST FAVORABLE PRICE? What kind of method is that? They should just correct the method to read as follows:

"Invest 10% of available option buying power..."

"Enter at the closing bid if selling, ask if buying"

"See the future"

"Find the best possible exit point based on your view of the future"

"Publish your trading results"

My method is similar but I don't charge as much:

"Start with only a $500 account"

"Buy 10 shares of our recommended stock. Sell it 1 week later"

"Find $10,000 in unmarked $100 bills on the sidewalk each day and deposit this into your account."

"Watch your account grow"

Now, how can you trust anything that comes out of an organization that does stuff like that in its promotional materal?

Good luck.

First of all Eric, his name is Don, and second of all to every one, he is not a scam. He is a really good teacher! I loved his teachings. Whenever I don't understand anything, he knows how to explain it to me, and I told my friends, and they say the same. I get it if you don't get how to do it. Some of my friends say its a scam also, but it is only their fault on not understanding it, and not allowing don to teach them how easily. And to all the people criticizing about the refund, he tells you before you pay that you get no refund, so it's your fault for not listening! Don and I have been working together for 4 years, and if you knew the guy, you would know he keeps his word and he isn't a scam.

I have made more money more consistently with Don Fishback than any other adviser I've used. His trades are easy to execute and the number of trades is right for me, approximately 2 to 6 trades per month. I like the fact that he doesn't feel obligated to provide trades every week, but rather waits for the right conditions. I was in ODDS Correlation Trader at first and there weren't many trades. I called them and they allowed me to switch to a different program which has proven very effective. I have no connection with him; I'm just a simple trader who finds that his trades win the vast majority of the time, probably more than ninety percent.

Total Scam -- stay away. Much too good to be true. Do some research on Fishback and you will see he has been indicted on other scams.

Fishback's ODDS InsInt is money in the bank. We have used it for over two years and it is the only service we can depend on! The 80% success ratio is the real deal! We are satisfied paying customers.

Thanks for your honest opinion. My search of these sort of mass marketers have shown that not even one in the past 30 years proven to be worthwhile. Avoid them all.

I purchased the ODD Correlation Trader signals in Nov 2009. This is a daily service where Don personally provides a buy or sell on the S&P and you can trade the ETF or options. So far after four month of this service there have only been 2-3 signals and none so far have produced any positive returns. All other signals have been neutral, meaning no confirmed direction.

I obviously did not due any research on his service but instead trusted the Don Fishback name as he has been around forever. His claims about doubling your money using his personal daily signals on the S&P have not yet proven to be worth my time. I currently don’t have enough confidence in this service to even act on a new signal. I paid a ton of money for this service so far not worth ten cents. I have asked for a pro rated return and have been denied. Please be warned about this service and anything else he is selling.

Dan Fishback customer service is terrible. I asked for a refund after missing a renewal date by 1 day and was refused. Their $60 monthly fee was worth more to them than a happy customer. Warning: do not do business with these people.